Top Performing Managers

Issue date: November 16, 2009

Stories from the report

Hedge fund managers make it three quarters in a row of upside

Hedge fund managers retained their gains and posted respectable returns for the third straight quarter. All 22 of the hedge fund and fund-of-funds strategies tracked by Morningstar turned in positive average performance for the three months ended Sept. 30.

Top-performing equity managers: Mid- small-cap strategies reign

Further indications of an economic recovery and a prevalence of successful midcap and small-cap equity strategies surfaced in the third quarter in Morningstar Inc.'s separate account/collective investment trust database.

Top-performing fixed income managers: Long-term strategies shine

Long-term bond strategies led the pack for the year ended Sept. 30, although high-yield and multisector strategies began to move back onto the list of top performers in Morningstar Inc.'s separate accounts/collective investment trust database.

Charts and data

Composite U.S. stock

Composite U.S. value stock

Composite U.S. growth stock

Composite U.S. blend stock

World stock composites

International stock composites

Emerging markets stock composites

Composite long-short stock

Currency composites

Composite market neutral stock

U.S. stock collective investment trusts

U.S. growth stock collective investment trusts

U.S. value stock collective investment trusts

U.S. blend stock collective investment trusts

International stock collective investment trusts

Emerging markets stock collective investment trusts

Composite U.S. taxable bond

Composite U.S. limited duration

Composite U.S. intermediate duration

Composite U.S. long duration

Composite U.S. high yield

Composite U.S. multisector bond

Composite world bond

Composite inflation-protected

Composite emerging markets bond

Composite convertibles

Composite stable value

Composite world allocation

Composite U.S. allocation

U.S. taxable bond collective investment trusts

U.S. intermediate duration collective investment trusts

Stable value collective investment trusts

U.S. allocation collective investment trusts

Top performing managers by category: separate accounts

Top performing managers by category: collective investment trusts

Table: Top-performing hedge funds

Table: Top-performing hedge funds by category

Table: Top-performing hedge fund categories

Table: Morningstar hedge fund index returns

To purchase a hard copy or electronic reprints, please contact Laura Picariello at (732) 723-0569 or email lpicariello@crain.com.